The company also ranked third place amongst the top 20 companies in the fields of engineering and construction. In 2017, the FVI aims its corporate strategy at optimizing its administrative and business processes
In 2017, Fondo de Valores Inmobiliarios (FVI) celebrates 25 years in the Venezuelan market, with the good news of being included amongst the top 20 companies with higher productivity and ranked 3rd in the top 5 of the best companies in the field of engineering and construction; according to the study “Top 100 companies;” carried out annually by the Venezuelan American Chamber of Commerce and Industry (VenAmCham.)
With an outstanding trajectory in the securities market, through the Bolivarian Stock Exchange of Caracas (BVC) and the ADR program of the New York Stock Exchange (NYSE) in the real estate- financial segment, this year the FVI will continue to expand its operations in shopping centers and hotels in Venezuela and overseas; where the FVI currently commercializes more than 150.000 m2 of commercial properties, 190.000 m2 of AAA office spaces, and 3.432 parking spaces in administrative parking lots directly managed by the company.
Based on the investigation conducted by VenAmCham, Fondo de Valores Inmobiliarios has an important position that shares with other leading companies; such as Diageo Venezuela, Pepsi – Cola Panamericana, Avior Airlines, Bumeran.com, BBVA Provincial, Banesco, among others.
Productivity strategy
Alejandro Petit, director of finances & CFO of Fondo de Valores Inmobiliarios, explained that these results are the expression of a productivity strategy that projects 100% of productivity in all areas of the company and specializes the FVI in the securities market; main business strength of the company.
“For four years in a row we have been part of this ranking and in this opportunity, we hold the 59th position amongst the Top 100 of the most solid-base companies of Venezuela. These consolidated results of our company show promising figures, if we take into consideration that we reached the 16th position amongst the top 20 most productive and with greater performance companies, reaching 2,397.00 VEF per employee and a 20.68% of performance; also, we are currently in the 3rd place amongst the best companies in the field of engineering and construction.” Mr. Petit claimed.
Also, Mr. Petit added that “this obtained rank corresponds to our corporate objectives, throughout which we seek to reach an effective management of the processes that will allow us to make more assertive decisions, to elaborate projections, and to visualize market opportunities. For example, this strategy has allowed us to strength our base overseas, when last year JW Marriot Santo Domingo was recognized as the best Luxury Hotel for the Americas, the inauguration (in March) of the first stage of the Blue Mall Punta Cana, second shopping center that we built in the island; this shopping center will include all Inditex Group brands and the Restaurant & Pop Musical Bachata Rosa by SBG, owned by the Dominican singer-songwriter Juan Luis Guerra.”
Opportunities
For 2017, Fondo de Valores Inmobiliarios shows optimism by implementing new business models and perspectives aimed at investing in new projects to develop, operating and transmitting its Know-How to already built shopping centers, and entering the industrial business and other new opportunities to produce in the country; always maintaining the FVI’s commitment with its employees, strategic allies, and Venezuelan development.
Also, Fondo de Valores Inmobiliarios keeps betting on the securities market in the medium- and long-term; thus, this year the FVI will be active in the securities market, specifically in the terminable annuity field. Likewise, the company has started to express to the authorities its interest to attract investors once the market dynamism has returned and market conditions for equity securities are ensured; overseeing this as an opportunity for attracting resources for the private and public sectors.
